Nokia to acquire Infinera for $2.3 billion

Nokia has agreed to acquire Infinera for $6.65 per share, representing an enterprise value of US$ 2.3 billion and a premium of 28% to Infinera’s share price at the close of 26 June 2024.The combined entity will benefit from substantial in-house capabilities, including an expanded digital signal processor (DSP) development team and expertise in silicon photonics and indium phosphide-based semiconductor material sciences. Additionally, the merger will...

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Nokia to sell Submarine Networks business to French State

In a strategic move to streamline its portfolio, Nokia has announced plans to sell Alcatel Submarine Networks (ASN) to the French government. The telecommunications giant will initially retain a 20% stake in the company, with the intention of a full exit in the future. This decision aligns with Nokia's focus on core markets and its goal to improve profitability in its Network Infrastructure business group.The proposed sale, which is subject to employee...

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Marvell debuts 1.6T PAM4 DSP for active electrical cables

Marvell introduced a high-performance, 1.6T PAM4 DSP for active electrical cables (AECs) designed for the greater connectivity bandwidth requirements between AI accelerators, server to top-of-rack links and switch-to-switch interconnects within data center racks..sThe new Marvell Alaska A 1.6T DSP, which leverages 5nm process technology and over a decade of Marvell PAM4 leadershio, features eight 200 Gbps SerDes lanes to the host device and eight...

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Etched.ai targets highest performance ASIC for AI transformers

Etched.ai, a start-up based in Cupertino, California, has introduced its Sohu ASIC, a specialized chip designed specifically for transformer architecture-based artificial intelligence models. According to the company, Sohu is capable of processing over 500,000 tokens per second in Llama 70B throughput, surpassing the performance of leading AI chips from Nvidia and other major players.Key Points:Sohu ASIC claims to be the fastest AI chip of all timeProcesses...

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Google Cloud and Gulf Edge to offer sovereign cloud in Thailand

Google Cloud has entered a multi-year agreement with Gulf Edge Company to provide sovereign cloud services in Thailand. This partnership aims to support organizations in critical industries with their digital transformation efforts by leveraging advanced AI and analytics capabilities. The services will adhere to Thailand’s stringent data residency, security, and privacy requirements, ensuring data, operational, and software sovereignty for customers.Key...

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Singtel and Hitachi Digital collaborate to 5G + AI

Singtel announced a new collaboration with Hitachi Digital, a provider of comprehensive digital transformation services and technologies. This partnership will combine Hitachi’s advanced AI expertise with Singtel’s Paragon platform, an integrated orchestration solution for 5G, edge computing, and cloud services.In the initial phase, Hitachi Digital will deploy the Paragon platform at Hitachi Americas’ Santa Clara R&D Labs. This will be followed...

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América Móvil consolidates its share in Chile's ClaroVTR

América Móvil and Liberty Latin America confirmed that América Móvil will be consolidating ClaroVTR into its ongoing operations. ClaroVTR is a Chilean telecommunications company that operates under a joint venture of the Mexican telecommunications giant América Móvil and Liberty Latin America.ClaroVTR was formed in 2000 through the merger of Chile's fourth and fifth largest telecommunications companies, VTR (owned by Telefónica) and Claro (owned...

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